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Feb 8, 2013
02/13
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. >> apple hfrica has come back. there are many ngos, nongovernment organizations, that are flying under the chinese flag. not the united states flag or any european country, because it will not be shot upon by even the worst of the -- this is my insight. because china has decided to become the united states when it comes to what we used to do in foreign countries. just something to watch. >> i agree with you. this is something to watch. >> becoming a global power. >> control of resources. when you need a lot of resources to move all those 400,000 people to the city. >> a couple of headlines from the new york stock exchange. regarding winter storm, they say they do expect business as usual. this is according to a spokesperson. keeping member firms and traders informed of the weather reports. remember, we had some issues during sandy, obviously, where the exchange had to work mightily to open. it says it has contingency plans in effect. the surge they're talking here in new york is three to five feet. sandy was 13 fee
. >> apple hfrica has come back. there are many ngos, nongovernment organizations, that are flying under the chinese flag. not the united states flag or any european country, because it will not be shot upon by even the worst of the -- this is my insight. because china has decided to become the united states when it comes to what we used to do in foreign countries. just something to watch. >> i agree with you. this is something to watch. >> becoming a global power. >>...
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Feb 12, 2013
02/13
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apple ceo tim cook set to speak in about a half an hour from now. what is the need for apple stock. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. today is gonna be an himportant day for us.re? you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> only 25 minutes before tim cook addresses the goldman sachs technology conference. we'll break down what we can expect to hear
apple ceo tim cook set to speak in about a half an hour from now. what is the need for apple stock. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify...
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Feb 28, 2013
02/13
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rather than giving us reason 11 of how apple should return its cash. >> up 6,000%, apple. these guys -- what were they down in two days? fine. fine. >> we haven't talked about apple at all today. >> .2 of a percent. >> the tape yesterday to watch it down $4. >> in a day where it was really hard pressed to find anything else down. >> yes, exactly. >> trim inverted x-ray banks shortage things that i know you use all the time. >> always. speaking of which, jim, the setup today is sort of the one you like to see rather than a strong -- >> go up immediately it can percolate. absolutely right, carl. i just think that what happens is this is what needs to -- we need to do stair step this should be one of those -- a step and then we consolidate. that let's people catch their breath and i liked all the data. that was fantastic. >> yeah. new orders, 11-month highs, back-to-back gains the first time in three years. >> people hiring soon. >> go behind what is driving us higher in this march higher toward record highs and it's an interesting sort of mix because you have the staples sto
rather than giving us reason 11 of how apple should return its cash. >> up 6,000%, apple. these guys -- what were they down in two days? fine. fine. >> we haven't talked about apple at all today. >> .2 of a percent. >> the tape yesterday to watch it down $4. >> in a day where it was really hard pressed to find anything else down. >> yes, exactly. >> trim inverted x-ray banks shortage things that i know you use all the time. >> always. speaking of...
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Feb 15, 2013
02/13
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take a look at shares of apple. out of these 13 f filings, snapshots of what happened in the fourth quarter. during the fourth quarter, that's when we saw apple's steep decline and a couple of major investors. as george tsiros increasing their stakes in apple while we saw some others entirely get out of apple, so sort of this battleground stock as people are debating whether or not it's a true value stock and whether to get long or of this stock or whether or not it's a broken stock as dan lobe might be thinking at least right now. fourth quarter. >> keep an eye on boeing. we'll see. interesting news out of airbus. a big competitor they are going to go back to. nickel batteries in the a 350, not the lithium ion batteries, which we think have caused troubles with the dream liner. if it turns out this is really zeroing in on the battery and there will be a longer term fix, production scheduled are obviously key. you might see some action in boeing as well. >> did want to mention quickly time warner, it's not doing muc
take a look at shares of apple. out of these 13 f filings, snapshots of what happened in the fourth quarter. during the fourth quarter, that's when we saw apple's steep decline and a couple of major investors. as george tsiros increasing their stakes in apple while we saw some others entirely get out of apple, so sort of this battleground stock as people are debating whether or not it's a true value stock and whether to get long or of this stock or whether or not it's a broken stock as dan lobe...
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Feb 4, 2013
02/13
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we're joined by an apple shareholder, dan morgan. apple has been on the buy list since 2004. the company owns more than 34,000 shares. dan, great to speak with you. >> hi, melissa. >> given your long-term track record with the shares, have you used the pullback to add to your position? >> you have to remember, melissa, as you said, we've had it on there for such a long time, the stock has gone up almost ten times since we originally added it back in 2004. for a lot of accounts that have been with us for a long time, it's become in some cases actually a concentration worth above 10% of the equity portfolio. personally, in the account that i manage, i've added a little bit here and there. but because it's already such a big position, it's hard to say let's double up on a stock that's up ten times, you know, at $450. for new money that's coming in, new accounts, that it makes sense for, in terms of their risk tolerance, obviously it's on the buy list. so it's a stock we would add to, as we would any other stock on the buy list. >> at what point do you start questioning apple? yo
we're joined by an apple shareholder, dan morgan. apple has been on the buy list since 2004. the company owns more than 34,000 shares. dan, great to speak with you. >> hi, melissa. >> given your long-term track record with the shares, have you used the pullback to add to your position? >> you have to remember, melissa, as you said, we've had it on there for such a long time, the stock has gone up almost ten times since we originally added it back in 2004. for a lot of accounts...
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Feb 13, 2013
02/13
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look at apple, we can't not talk about this. it's been a nice move earlier in the morning on decent volume. the nasdaq the outperformer of the day when we talk about the major indices, and we know that apple plays a big part in that. the big banks weighed down by comments from wells fargo cfo saying that mortgage lending likely to decline and wells fargo is the biggest u.s. mortgage lender. carl back to you. >> courtney reagan thanks, court. >>> ge is one of the biggest gainers on the dow after news it's selling its remaining stake in nbc universal to comcast for nearly $17 million. ge executives hosting a web cast this morning to discuss that announcement and mary thompson is here with details. >> jeff immelt noting the second leg was better than the first. the ge strategy can be executed more quickly. >> it just gives us the ability to reward investors, reposition ge capital, reposition industrial, drive margins, lower our costs to investment growth and you know, continue to keep focused on increasing the industrial mix. >> th
look at apple, we can't not talk about this. it's been a nice move earlier in the morning on decent volume. the nasdaq the outperformer of the day when we talk about the major indices, and we know that apple plays a big part in that. the big banks weighed down by comments from wells fargo cfo saying that mortgage lending likely to decline and wells fargo is the biggest u.s. mortgage lender. carl back to you. >> courtney reagan thanks, court. >>> ge is one of the biggest gainers...
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Feb 22, 2013
02/13
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right now apple is like, to me, it's no longer that the apple -- nothing like the apple on your head. william tell overture partner. it's no longer positive. you could get hit by that arrow if the archer isn't careful. not everybody's the "hunger games." >> the day after einhorn held his conference with apple shareholders saying he could boost -- or his plan could boost apple shares by $150. >> you're at the epicenter of your show. is it more important to what the hedge funds say or what's happening at the company? is the company no longer important versus the hedge fund billionaire? i hear -- are there any -- >> apple's no longer the most loved stock in the hedge fund world. >> look at aig. you talked about it. >> aig is. >> aig is the most loved. i tell you, give me some loving. apple's not even on the top 50 of citi's new global champions. >> really? >> apple's not even on the list. >> holy cow. >> but the question is, why should it be on the list? >> coach is on the list. >> nine times earnings. coach is on the list? >> should go buy coach. buy a man bag. >> man purse. >> are we s
right now apple is like, to me, it's no longer that the apple -- nothing like the apple on your head. william tell overture partner. it's no longer positive. you could get hit by that arrow if the archer isn't careful. not everybody's the "hunger games." >> the day after einhorn held his conference with apple shareholders saying he could boost -- or his plan could boost apple shares by $150. >> you're at the epicenter of your show. is it more important to what the hedge...
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Feb 14, 2013
02/13
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investors have money in apple. obviously it's starting to concern them. they feel it's more range bound. they look at the alternatives and they are really limited in terms of something that's big, that can grow. facebook is one of the alternatives that people are considering. google being another, emc being another. those will be the ones we're hearing most often as considerations. our view, we think $500 is the ceiling for this range that apple is trading in, until they can stabilize or show us that margins are bottomed and potentially starting to expand again. >> peter, thank you. >> when we come back, more on the two big deals of the day, buffett's berkshire betting on heinz. we'll get a berkshire shareholder's take on what's called the biggest food deal ever. american and us airways combining to become the largest airline. hear what ceo of virgin america has to say about the merger in the sky and what's at stake for his airline in the cnbc exclusive. remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashle
investors have money in apple. obviously it's starting to concern them. they feel it's more range bound. they look at the alternatives and they are really limited in terms of something that's big, that can grow. facebook is one of the alternatives that people are considering. google being another, emc being another. those will be the ones we're hearing most often as considerations. our view, we think $500 is the ceiling for this range that apple is trading in, until they can stabilize or show...
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Feb 6, 2013
02/13
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stay true to apple's vision. if they execute well, they'll flourish. >> what are the biggest lessons you've learned in this tough year? >> i've learned a ton of lessons. the most important thing is you have to state your vision clearly but be willing to learn and adapt. we've done a good job of that. you have to be really careful. change does take time. there are days you look back, you feel like it happened overnight. it does take time to change stores, change customer behavior and impact and influence. that doesn't mean change is wrong, it just takes time. we're aggressively building a new jcp. we have patience because we believe in our vision, our board believes in our vision and our industry believes in our vision and we are going to become america's favorite store. >> a couple days ago we found a group of bondholders are alle alleging jcpenney violated bond covenants and going to court. what do you say to that as far as investors, what is going on? >> we think this is totally groundless. there's a lot of opi
stay true to apple's vision. if they execute well, they'll flourish. >> what are the biggest lessons you've learned in this tough year? >> i've learned a ton of lessons. the most important thing is you have to state your vision clearly but be willing to learn and adapt. we've done a good job of that. you have to be really careful. change does take time. there are days you look back, you feel like it happened overnight. it does take time to change stores, change customer behavior and...
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Feb 21, 2013
02/13
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a business week equities. >> apple jinx >> >> yes exit s >> started coming in with apple price targets of 1111 on the street, that's went cracks showed up in the story. is there, in your view, reason to be worried about google in the same way we should have been worried about apple when it was approaching all-time says no >> only in the general context of a market i think wants to correct. you -- this is a stock that went from 648 to 806 in a short period of time. i think pete najarian this morning was tweeting, said this is the wrong die it. you wait for the stock to pull back 50. mocks the tape to say that 1,000. >> talk with james lee, on that call this morning. >> used the 999 target. stores that are 99 cents. psychologically. >>> later on, president and ceo of sony computer entertainment america will give us a new look at the play station four after the unveiling last night k it live up to the hype and save sony? one more look at futures, a lot data on the way. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. th
a business week equities. >> apple jinx >> >> yes exit s >> started coming in with apple price targets of 1111 on the street, that's went cracks showed up in the story. is there, in your view, reason to be worried about google in the same way we should have been worried about apple when it was approaching all-time says no >> only in the general context of a market i think wants to correct. you -- this is a stock that went from 648 to 806 in a short period of time....
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Feb 5, 2013
02/13
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but apple's been a terrible stock, but there are a lot of people who switched to apple. >> what do you think meg whitman is thinking right now? is she feeling more pressure? >> or ellie ellison. >> does it put more pressure on them to do something about their businesses? >> for every dell client today, i'm going to say, we'll give away the hardware. now, justice department says you've got to be careful. but i think that they go after every single -- >> it's an opportunity. >> yes. dell's been trying to crack into all sorts of one stop shop. the oracle deal yesterday. i think they'll be on the phone today saying, listen, dell, distracted, let us come in. here's your hardware. >> to that point, let's not forget there's going to be a regulatory review here. it's going to be months. four months, five months, i think they need anti-trust approval. china, which is not that easy to get lately, this is going to take a while before it closes. >> so is the time value of money right here? >> i don't know. figure that off the $13.65. to your point as well, they'll continue to run their business. b
but apple's been a terrible stock, but there are a lot of people who switched to apple. >> what do you think meg whitman is thinking right now? is she feeling more pressure? >> or ellie ellison. >> does it put more pressure on them to do something about their businesses? >> for every dell client today, i'm going to say, we'll give away the hardware. now, justice department says you've got to be careful. but i think that they go after every single -- >> it's an...
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Feb 27, 2013
02/13
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so apple is at 449. i would much rather buy apple at 465 or 470 than at 449 because at 465 or 470, apple is a stock that can break a downtrend line. at 449, it is a stock that is still on a downtrend and why would you want to own it? >> the bottom line, tom in terms of apple, a lot of fundamental news later today. watch the technicals, don't do anything until you see it hold above that downtrend line? >> until you see it close above about 465, wherever that downtrend line is. the risk in waiting is you can get a big recognition wave of buying as everybody sees that trend line break and everybody piles in. and then the opportunity is gone. that's the risk. >> tom, before we let you run, i know you look at -- you did great work with the charts. you have an s&p chart as well you wanted to share with us in terms of the overall market as it relates to the fed. what does this chart tell us? >> well, it is all about what the fed does. when we were in the mid dle of e 3, the fed would be buying one day and selli
so apple is at 449. i would much rather buy apple at 465 or 470 than at 449 because at 465 or 470, apple is a stock that can break a downtrend line. at 449, it is a stock that is still on a downtrend and why would you want to own it? >> the bottom line, tom in terms of apple, a lot of fundamental news later today. watch the technicals, don't do anything until you see it hold above that downtrend line? >> until you see it close above about 465, wherever that downtrend line is. the...
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Feb 1, 2013
02/13
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apple is still the dominant player. but samsung making real inroads in the fourth quarter, despite the launch of the ipad mini. apple trading higher by .4%. >> we haven't done merck. 8g 3 cents a share, 2 cents ahead. rapidly advancing products, labels first in class through the pipeline. i'm sure if jim were here, he would have some more informed opinions. >> the thing about merck, as we're watching the stock trade lower by 2.3%, it's put off submitting its bone-building drug. that was anticipated to happen no later than mid-2013. of course, it is one of many pharmas that are going up against this patent exclusivity for singulair in august. that drug down by 67%. a drug setback on bone building drug, seen as a negative for merck. >> david, don't want to steal from the faber report, but dell is the biggest gainer on the s&p. >> we'll save clearwire for the next report. on dell, the deal is getting close, and they're saying it will be close to 14. again, my reporting remains what it has been, which is that the range for
apple is still the dominant player. but samsung making real inroads in the fourth quarter, despite the launch of the ipad mini. apple trading higher by .4%. >> we haven't done merck. 8g 3 cents a share, 2 cents ahead. rapidly advancing products, labels first in class through the pipeline. i'm sure if jim were here, he would have some more informed opinions. >> the thing about merck, as we're watching the stock trade lower by 2.3%, it's put off submitting its bone-building drug. that...
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Feb 25, 2013
02/13
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, as a holder at one point of apple. likes qualcomm better. >> who do you have on today? >> gema godfrey, whom i love, as a guest. >> okay. >> from london. great mind on the markets. >> glad you clarified that. >> very bright mind on the markets. what do you have on "mad money"? right back at you. >> the cosmetic industry, i'm going to tell you you've written this off too soon. that's what's called a tease in the business. i tease from the best of them. >> that was well done. well, well done. i'll see you back here tomorrow morning. as long as you want to stay. we'll see if carl and melissa, both hope of them are feeling better. >> thanks for hanging around. >> see you, bud. >>> why some u.s. companies may not be telling you everything they know about cyber attacks against their companies. >>> later, goldman sachs chief investment strategist joins us live with an exclusive look at his latest hedge fund report. interesting reading. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. wha
, as a holder at one point of apple. likes qualcomm better. >> who do you have on today? >> gema godfrey, whom i love, as a guest. >> okay. >> from london. great mind on the markets. >> glad you clarified that. >> very bright mind on the markets. what do you have on "mad money"? right back at you. >> the cosmetic industry, i'm going to tell you you've written this off too soon. that's what's called a tease in the business. i tease from the...
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Feb 19, 2013
02/13
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apple seems to be shrugging this off. may have -- they believe this bundle of proposals is ultimately good for shareholders. it includes not just the preferred shares issue but a restructuring of the board to provide greater shareholder impact in terms of board votes and how they're structured. there are some good things in there that even einhorn thinks should be in there and he does not think they should get rid of that blank check for issuing preferred chairs. >> is apple's gain google's gang. take a look at these charts here. google topping $800 for the first time ever. >> tech rotation? >> the rotation out of apple and into google. >> there are a lot of beneficiaries here. >> but google is undeniably one of the biggest. >> just like at 700, there was almost no one left to be bullish on apple to buy more. we might have hit that point at 40 4/ 410, 420 is where everybody wanted out. i don't see a ton of buyers or sellers. maybe this is equilibrium. >> think the reason for the price differential we've seen in the last f
apple seems to be shrugging this off. may have -- they believe this bundle of proposals is ultimately good for shareholders. it includes not just the preferred shares issue but a restructuring of the board to provide greater shareholder impact in terms of board votes and how they're structured. there are some good things in there that even einhorn thinks should be in there and he does not think they should get rid of that blank check for issuing preferred chairs. >> is apple's gain...
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Feb 11, 2013
02/13
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>> apple really doesn't do that. usually when we hear a rumor about a product apple is working on, it comes from suppliers who say apple needs this kind of screen and this size, maybe this is what they're working on. there have been separate reports of this i-watch and people talking about this concept of wearable tech, a hot area to experiment in. not everything apple does has to be a huge blockbuster. they have areas like hobbies like the apple tv set top box. >> tim cook speaking at goldman tomorrow, this is a question for sure if he does take q & a. i wonder how seriously the reports that have come through sources at a supplier, how seriously are these being taken by cnet and folks you talk to. >> i think you have to take any supplier report about apple seriously. the rumors about am are wrong as often as they are right. you really can't take it to the bank and like what tim cook is doing tomorrow, they don't do product announcements or hardware news. >> it coincides with a change, very slight but a small change
>> apple really doesn't do that. usually when we hear a rumor about a product apple is working on, it comes from suppliers who say apple needs this kind of screen and this size, maybe this is what they're working on. there have been separate reports of this i-watch and people talking about this concept of wearable tech, a hot area to experiment in. not everything apple does has to be a huge blockbuster. they have areas like hobbies like the apple tv set top box. >> tim cook speaking...
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Feb 20, 2013
02/13
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in this case against apple over the large cash holdings. a couple of issues here in terms of apple. first, let's deal with the fox conn. scaling back, but could that just be that another iphone is in the pipe. >> i think we'll read a story in the next two hours from the defen defense analysts saying, i've been in touch with foxconn and they've moved the business over. apple does a lot to try to -- like cisco used to do, by the way -- to make it so you can't read the tea leaves. we can trade on every single bit of news. but we've been whip sawed. it's not been a great strategy. >> between the hacking news, einhorn showdown in court, the news flow continues to rain on apple, every single day. it's amazing. >> yeah. an enormous company with interest in so many different places, and so much interest in it. >> you were pointing out an npd number. >> 20% of all consumer spending on technology in 2012 was apple. 20% of all spending on technology. >> on all consumer spending. >> yeah. is apple. >> the numbers are stunning. when you include apple in retail overall, the numbers are stunning a
in this case against apple over the large cash holdings. a couple of issues here in terms of apple. first, let's deal with the fox conn. scaling back, but could that just be that another iphone is in the pipe. >> i think we'll read a story in the next two hours from the defen defense analysts saying, i've been in touch with foxconn and they've moved the business over. apple does a lot to try to -- like cisco used to do, by the way -- to make it so you can't read the tea leaves. we can...
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Feb 25, 2013
02/13
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. >>> gunning for apple. the mobile wars go global. which smartphone competitor should be you be betting on right now. >>> housing halo. as the real estate market firms up, is it too late to get into home improvement stocks? two trades give their take on lowe's. >>> we are trading all of the big movers today with stephanie link, joe tearanova, josh baker. we're following the reversal on wall street. stocks rising out of the gates pushing even closer to all-time closing highs on the dow. it is all evaporating now. worries about italian election results getting much of the blame today for that move right there in the dow, down abo about .5%. let's go to italy for the latest on the ground from our own michelle caruso-cabrera. michelle? >> reporter: we saw similar turnaround in the euro, in the italian stock market and also in the italian ten-year as well. when the numbers first came out when the polls were closing it looked like this election was going to go exactly as the markets expected with the center left leading. then about an hour
. >>> gunning for apple. the mobile wars go global. which smartphone competitor should be you be betting on right now. >>> housing halo. as the real estate market firms up, is it too late to get into home improvement stocks? two trades give their take on lowe's. >>> we are trading all of the big movers today with stephanie link, joe tearanova, josh baker. we're following the reversal on wall street. stocks rising out of the gates pushing even closer to all-time...
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Feb 7, 2013
02/13
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-- >> before it was apple. before it became apple. >> everyone, every company i know, news corp, rupp. murdoch runs a private company public spends a huge amount of time talking about capital allocation, get stock moving. apple stock would be much high fer they addressed this problem in a way einhorn, a very smart guy, not necessarily perpetual preferred but i think the stocks are under pressure, they have offer nod clarity for the cash, a negative some. how. >> it is. it is a negative. >> more of it. if you had in your portfolio this percentage of cash in your net wealth it would be irresponsible, you would be losing money, in effect. >> makes no sense. doesn't make any sense. >> my travel trust agree. >> a number of year ago -- >> who? >> microsoft was and the stock reacted positively for a while and then it returned to where it had come from because, of course, the growth prospects for the company were still insignificant question. your point, growth is the key -- >> do this in the meantime to get a leg high
-- >> before it was apple. before it became apple. >> everyone, every company i know, news corp, rupp. murdoch runs a private company public spends a huge amount of time talking about capital allocation, get stock moving. apple stock would be much high fer they addressed this problem in a way einhorn, a very smart guy, not necessarily perpetual preferred but i think the stocks are under pressure, they have offer nod clarity for the cash, a negative some. how. >> it is. it is a...
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Feb 14, 2013
02/13
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you're not in apple, you got out. why is there a stench all of a sudden with this company that especially the big money? >> i can't speak for the other guys who got out. >> speak for yourself. >> for me i felt like i was getting too emotional about it and i could take a little tax loss, be out for 30 days and so that is where i'm at. i may get back to it. it's an insanely great company, nearly a third of its market is in cash and from einhorn's pressure and other shareholders they'll probably do something so i'm tempted to buy it back once the 30 days lapse and i can lock in the tax loss. >> you obviously have a great respect for warren buffett and leon cooperman and some large investors, leon cooperman had a tremendous year in 2012. >> yep. >> it's tempting to follow some of them in the trades they've made. what are the risks in doing so? it's easy to sit here and praise how great they are. what are the risks? >> i follow the 13fs of all of the smartest guys you mentioned looking for good ideas, of things they're buy
you're not in apple, you got out. why is there a stench all of a sudden with this company that especially the big money? >> i can't speak for the other guys who got out. >> speak for yourself. >> for me i felt like i was getting too emotional about it and i could take a little tax loss, be out for 30 days and so that is where i'm at. i may get back to it. it's an insanely great company, nearly a third of its market is in cash and from einhorn's pressure and other shareholders...
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Feb 19, 2013
02/13
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are they in apple, are they out of apple? i think they're in apple in the next again ragz. >> and cypress. >> wow, this stock has been horrendous, but remember, rodgers is the biggest man behind cypress and he's a buyer. if he's buying, i'm buying. >> tonight on "mad" sounds like you had some time to develop some new themes. >> yes. and i think american electric power is in the cross hairs of the united states government. we had a new epa head. i really wonder -- you see norfolk southern going much higher and that's because they're exporting coal. but is this country about to do a major crackdown on fossil fuels? i'd like to know. i have to tell you, the president sure don't like them. >> as he made clear this weekend. >> yeah. >> jim, we'll see you tonight. >> thank you, carl. >>> when we come back, alan simpson and erskine bowles talk to us live. plus, getting ahead of dell tonight. how do you play it sthp and does the buyout price need to go higher? back in a minute. ♪ [ male announcer ] to hold a patent that has changed
are they in apple, are they out of apple? i think they're in apple in the next again ragz. >> and cypress. >> wow, this stock has been horrendous, but remember, rodgers is the biggest man behind cypress and he's a buyer. if he's buying, i'm buying. >> tonight on "mad" sounds like you had some time to develop some new themes. >> yes. and i think american electric power is in the cross hairs of the united states government. we had a new epa head. i really wonder...
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Feb 19, 2013
02/13
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down 20%, apple up 20%. has apple been the atm for google? >> absolutely. if you want to know where all that apple money went -- >> it could be netflix, as well, a lot of the other names -- >> of course. in terms of the market cap, if you think about google being 260 billion, apple that 450 billion, you need a big cap name to put those dollars into. and google's been the beneficiary. the thing i would point out on google, you look at the last three years, we've had six selloffs north of 10% and three of those have happened on the march quarter. the last three years, march quarter have started a downward decline of 10%. we heard about the pain at the pump, the payroll taxes, march quarter for consumer activity may be less than stellar. >> so, for seasonal reasons, stay away from the google trade? >> it will be below 800 this spring. >> so, what is your top trade in tech? >> listen, you want exposure to mobile, e-commerce, the nice tail winds, let's buy ebay. >> the consumer being weak doesn't freak you out wh
down 20%, apple up 20%. has apple been the atm for google? >> absolutely. if you want to know where all that apple money went -- >> it could be netflix, as well, a lot of the other names -- >> of course. in terms of the market cap, if you think about google being 260 billion, apple that 450 billion, you need a big cap name to put those dollars into. and google's been the beneficiary. the thing i would point out on google, you look at the last three years, we've had six...
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Feb 12, 2013
02/13
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to apples comparison. so, in terms of the media space, when you have disney trading at new highs, where do you go? >> you don't chase comcast here. we talked about disney last night with pete, he had a different take as i did. we both liked the stock. we've liked it for awhile. i think disney's done a lot of back and fills over the last few years. my sense is, they'll do it again. the move we've seen in disknney you can call it parabollic, because it is. you're talking about $100 billion market cap. the stock's been on fire. so, i would wait for a pull back. but out of all the space, if you had to pick one, i still think it comes down to dis right here. >> why now? they had up to seven years to w buy the remaining stake. so, why spent $11.4 billion cash, $4 billion in unsecured note and $2 billion in -- >> maybe now's a great time for unsecured credit and bank facilities -- >> financing market. >> it could be. and the thing that's interesting about it, though it is a big deal, $17 billion, there's no integ
to apples comparison. so, in terms of the media space, when you have disney trading at new highs, where do you go? >> you don't chase comcast here. we talked about disney last night with pete, he had a different take as i did. we both liked the stock. we've liked it for awhile. i think disney's done a lot of back and fills over the last few years. my sense is, they'll do it again. the move we've seen in disknney you can call it parabollic, because it is. you're talking about $100 billion...
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Feb 8, 2013
02/13
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apple's run directly hurt amazon. same time frame. >> again, want to remind everybody, we're going to be doing "halftime" live from the goldman sachs technology conference out in san francisco on tuesday. apple's there. so many other huge technology companies are there. we'll have it all for you next tuesday. let's hit the biggest "pops & drops" today in midday trading. activision getting a pop. >> they beat in a big way on top line and bottom line. and then they've got a couple of upgrades, stern agee. this is a big one. >> aol? >> a rough couple of months. but something interesting is going on with aol. they come out, they have a 57% increase in earnings. you've got 13% short interest. but the thing that everyone laughs at them about are their dial-up subs. that business has stopped shrinking and accounts for all of the profit at company. now they're selling additional services. stock looks interesting. >> dollar tree? >> yeah. the dollar stores have really gotten crushed particularly by walmart. probably a bit over
apple's run directly hurt amazon. same time frame. >> again, want to remind everybody, we're going to be doing "halftime" live from the goldman sachs technology conference out in san francisco on tuesday. apple's there. so many other huge technology companies are there. we'll have it all for you next tuesday. let's hit the biggest "pops & drops" today in midday trading. activision getting a pop. >> they beat in a big way on top line and bottom line. and then...
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Feb 20, 2013
02/13
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apple? >> that headline hit the stock this morning, trading $451, rallied all the way back, closed on the dead low. the stock is dead money. >> all ill know is that statement they made isn't true. i don't know which parts of it are lying, some may be true, all, you know, some paragraphs, i don't know. so, i don't want to trade off of statement that i know is not accurate. >> why do you know it's not true? >> what in the past have they said -- i don't know. anyway. >> okay. hewlett-packard weighing in on the news in a statement saying that hp does not manufacture pcs at the foxconn site. hp has a very diversified supplier strategy unlike other companies who are more dependent on a single vender. there have been speculation that perhaps it was hp that had demand issues so foxconn was scaling back because of hp. >> though they had no particular customer. >> that's why no particular customer. anyway, hp, mike khouw, what do you see in the options pits? >> we saw quite a decided sentiment shift i
apple? >> that headline hit the stock this morning, trading $451, rallied all the way back, closed on the dead low. the stock is dead money. >> all ill know is that statement they made isn't true. i don't know which parts of it are lying, some may be true, all, you know, some paragraphs, i don't know. so, i don't want to trade off of statement that i know is not accurate. >> why do you know it's not true? >> what in the past have they said -- i don't know. anyway....
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Feb 27, 2013
02/13
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apple's shareholder meeting getting under way. we'll bring you the headlines from both of those stories as they happen. let's get right to steve liesman, monitoring the testimony thus far. steve, as i said, largely the same as what we herd yesterday. maybe a little different q&a. you have some interesting members on the house financial services committee who like to give and take with the chairman. >> yeah. mr. capuano asking, i don't know if we have that bite, basically saying, can i tell you think sequestration is a really bad idea? and bernanke said, don't say that. but, again, emphasizing the notion that bernanke really wants sequestration to be watered down or diluted a lot, relative to what would happen automatically on march 1st. i think the story today, and i'm interested in obviously always what the traders have to say about this, is this, bernanke is neutral today. very much repeating what said yesterday. so his dovish comments really stand. that puts us on a path of qe being back in -- on track here from where we though
apple's shareholder meeting getting under way. we'll bring you the headlines from both of those stories as they happen. let's get right to steve liesman, monitoring the testimony thus far. steve, as i said, largely the same as what we herd yesterday. maybe a little different q&a. you have some interesting members on the house financial services committee who like to give and take with the chairman. >> yeah. mr. capuano asking, i don't know if we have that bite, basically saying, can i...
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Feb 22, 2013
02/13
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apple is the least of it. >> buy rumor, sell news. it eases back down before it goes higher. >> this is one case where i'm glad the buzzer went off. joe, what made the more comp compelling argument? >> i think the dividend is going to come forth at some point this year. i say you stay in the name. i side with stephen. >> you want to be out of this name. i think it's peaked. i think there's going to be a better entry point. talking about $2 lower at least. >> and stephanie link on our show yesterday said the very same thing. there's somewhat of a battleground. >> she was rotating from this one into, i think, hartford. we did start to see unusual activity in aig yesterday. >> she rotated early. >> tell us who you think won the debate. >> her timing was well. >> tweet us, @cnbcfastmoney. apple once a hedge fund favorite. now not making the grade at citigroup. the stock was excluded from citi's 50 world champions while microsoft and qualcomm all made the cut, among others. i have to say, and i have the list here in front of me, somewhat s
apple is the least of it. >> buy rumor, sell news. it eases back down before it goes higher. >> this is one case where i'm glad the buzzer went off. joe, what made the more comp compelling argument? >> i think the dividend is going to come forth at some point this year. i say you stay in the name. i side with stephen. >> you want to be out of this name. i think it's peaked. i think there's going to be a better entry point. talking about $2 lower at least. >> and...
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Feb 5, 2013
02/13
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you do like apple. i'm curious on your take if it has whether or not put in some sort of bottom or floor. >> yeah, i mean, we haven't liked this name for a bit, because we had real issues with the form factors and the expectations. we don't -- here's the issue. on the conference call, they told you, we're not going to make cheaper phones, so, that locks out a good portion of the emerging markets. they told you, we think we have the right form factor. they don't want to make fatter phones. samsung is making a lot of money selling the galaxy s-3. those are the problems. the good news is, if you step back, apple is moving into the enterprise and they did, though, tell you on the call that they believe they can do something of substance in the tv market. so, i think you're going to see something in that coming out, brand new revenue stream for them. so, we actually, you know, just started buying it at that 450-ish level, thinking it's gotten washed out here. i still don't strategically like the fact they ar
you do like apple. i'm curious on your take if it has whether or not put in some sort of bottom or floor. >> yeah, i mean, we haven't liked this name for a bit, because we had real issues with the form factors and the expectations. we don't -- here's the issue. on the conference call, they told you, we're not going to make cheaper phones, so, that locks out a good portion of the emerging markets. they told you, we think we have the right form factor. they don't want to make fatter phones....
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Feb 12, 2013
02/13
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number one, apple, number two, google. if they have any money left over, they might focus on microsoft because they're paying them so much money to develop. rim doesn't have that. i think somebody may acquire them like palm got acquired. there's not enough to develop the applications, the construction crux of the problem. 95 the new blackberry in my hand, a good device. they launched with 70,000 apps more than any other mobile device launched with. 97 or 98% of all laps have less than twenty downloads. you're talking the 20%, "wall street journal" and cnbc, they will go to all the devices and won't leave anybody out particularly a heavy corporate user like blackberry devices. >> there really is no comparison when you talk about the number of an apps made for the iphone, 300,000 or thereabouts is the number tim cook threw out today. it's daunting to think anybody else can compete with that, especially somebody at the lower end of the food chain like a blackberry. >> true. but 97 or 98% of those people don't make any money.
number one, apple, number two, google. if they have any money left over, they might focus on microsoft because they're paying them so much money to develop. rim doesn't have that. i think somebody may acquire them like palm got acquired. there's not enough to develop the applications, the construction crux of the problem. 95 the new blackberry in my hand, a good device. they launched with 70,000 apps more than any other mobile device launched with. 97 or 98% of all laps have less than twenty...
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Feb 11, 2013
02/13
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in san francisco where apple ceo tim cook will be giving a keynote address. what will he say, if anything, about all that cash. there talking tech at noon eastern. by the way, his presentation was moved up and has speculation rampant he may talk about something. dividend, new product? who knows. his appearance has moved the stock and been about product innovation and things of that ilk and also talked about cash in the past. see what he says in san francisco few. >>> right now, stocks are in negative territory. if our next guest is right, it could be the beginning of a new downward trend. nice to see you. >> good afternoon. >> people are getting used to parker the nay-sayer on the markets. why do you think we're at the cusp of perhaps a pullback here? >> actually, i'm not making a short term call at all. we have frameworks for earnings and a multi-that you should pay for earnings and that's how you get the market level. i think the market is ahead of the fundamentals, but when i talk to investors, i think they're not really word about tail risks right now, wo
in san francisco where apple ceo tim cook will be giving a keynote address. what will he say, if anything, about all that cash. there talking tech at noon eastern. by the way, his presentation was moved up and has speculation rampant he may talk about something. dividend, new product? who knows. his appearance has moved the stock and been about product innovation and things of that ilk and also talked about cash in the past. see what he says in san francisco few. >>> right now, stocks...
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Feb 6, 2013
02/13
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he does favor apple. >> most of is sitting at the desk here have favored apple. fundamentally there's nothing wrong with apple and nothing wrong at 700. we were talking about the technicals, once it broke through specific labels, it was time to stay away until it can prove itself. they sold 48 million iphones. we know the numbers they went through and know there's a bit of margin compression issues and different storylines. the reasons we're seeing this move, talking about the 465 level, we start to close above that for multiple sessions maybe apple trades back on that fundamental story, monstrous cash, love the stock and love what they've got innovative-wise going forward. >> monstrous cap understatement, a third of it is in cash, they have what, $37 billion sitting there and speculation what to do with it is nothing new, raise the dividend, buy back shares? do you think they will do either? that could be the next catalyst to raise this stock higher and restore investor confidence. >> yes. we will know that february 27th when they have the shareholder meeting. w
he does favor apple. >> most of is sitting at the desk here have favored apple. fundamentally there's nothing wrong with apple and nothing wrong at 700. we were talking about the technicals, once it broke through specific labels, it was time to stay away until it can prove itself. they sold 48 million iphones. we know the numbers they went through and know there's a bit of margin compression issues and different storylines. the reasons we're seeing this move, talking about the 465 level,...
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Feb 4, 2013
02/13
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most of the guys looking at the high fliers, i'm look google, amazon, apple. once you see the overall market start to tick in, those are the most susceptible. i'm long all three. looking forward to the rest of the week. >> karen, what is your trade today? >> you know, not a whole lot. we don't trade that much. but i did take a little tick in timken. a name we've liked for a long time. there should be an event this week. there's a deadline looming and they need to say whether or not they're going to submit slate for this year's annual meeting. that's an event this week. >> and beeks? >> archer daniels, adm. it's the best short out there. they have earnings tomorrow morning. when you look at the ethanol spreads, they are losing money again. they also transport their corn down the mississippi river. we talked about that mississippi queen trade and how the mississippi is very low. they are going to have to put the corn on the rail cars. i think adm, if we have bad earnings tomorrow, or even good, it gaps lower, you get out or sell more short. >> and the key here,
most of the guys looking at the high fliers, i'm look google, amazon, apple. once you see the overall market start to tick in, those are the most susceptible. i'm long all three. looking forward to the rest of the week. >> karen, what is your trade today? >> you know, not a whole lot. we don't trade that much. but i did take a little tick in timken. a name we've liked for a long time. there should be an event this week. there's a deadline looming and they need to say whether or not...
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Feb 11, 2013
02/13
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brian spoke with apple's cfo on friday. i know you said in your note that talking to apple management is trying to wring water from a stone. but what did the cfo say about this notion that capital will be returned to shareholders? >> thank, melissa. putting on a press release last week, in sort of rebuttal to greenlight's proposal for the 4% preferred, was a hushg lean thing for them. they typically don't comment on anything. so, they clearly are kind of champing at the bit with respect to talking about more capital allocation and it's my view we're going to get a bump to what they've already said. my best guess is probably this quarter. >> and you have very -- a pretty specific plan as to what they should do and how much they should do it by in terms of increase in the dividend, as well as increase in the share buy-backs. can you walk us through that? and, did you run this by peter oppenheimer when you were talking to him? did he give you the wink, wink, the nod, you may be on the right track here? >> yeah, that doesn't ha
brian spoke with apple's cfo on friday. i know you said in your note that talking to apple management is trying to wring water from a stone. but what did the cfo say about this notion that capital will be returned to shareholders? >> thank, melissa. putting on a press release last week, in sort of rebuttal to greenlight's proposal for the 4% preferred, was a hushg lean thing for them. they typically don't comment on anything. so, they clearly are kind of champing at the bit with respect...
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Feb 7, 2013
02/13
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hedge fund titan david einhorn suing apple. suing apple now to unlock the company's value. we will discuss what the tech giant should do with $140 billion cash horde problem. we should all have such problems. >> there you see it. big storm bearing down on the east. east bracing for a massive nor'easter. up to two feet expected in some areas. look at that. massachusetts, rhode island and so -- just give me the opportunity to be a weather man. i always wanted to do that. we will have the latest and tell you what it means for your travel planes. hey, sue. >> hi, ty. we have a sell off in markets. we are off of our lows of the trading session but still down 93 point on the do you jones industrial after 13,893 and change. nasdaq is down about 18 points, half a percent. s&p 500 just giving that 1500 level. we are down about 8.5 points on the trading session. bob pisani is on the the floor of the -- you know where we are. the nyse. that's down that away. >> what's up, bob? >> the important thing today is we had a weird open. then it was sort of like, everybody decided to sell righ
hedge fund titan david einhorn suing apple. suing apple now to unlock the company's value. we will discuss what the tech giant should do with $140 billion cash horde problem. we should all have such problems. >> there you see it. big storm bearing down on the east. east bracing for a massive nor'easter. up to two feet expected in some areas. look at that. massachusetts, rhode island and so -- just give me the opportunity to be a weather man. i always wanted to do that. we will have the...
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Feb 21, 2013
02/13
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how is the nasdaq doing without apple? it seems like day in, day out, especially yesterday when we saw the selloff, we saw the nasdaq really underperform the other major averages out there. you are, though, taking some of your shorts on the qs -- >> i'll be back in on any rally. >> so, directionally, you see down side? >> no doubt. when we think about the nasdaq, they are so levered to this pc supply chain. and it is a disaster, people. when you think about it. at the end of the day, okay, you know, this is when you want to avoid, you know, pcs make up 30% of hewlett's sales. say want to be more like ibm. i don't think you can extrapolate the better than expected earnings today and say everything is fixed. but up know, to me, you also have smart phones. you have this -- you know, thing that's -- margin, you know, it's kind of flattening out here. so, i'm worried about tech. i think there's more down side. >> even ibm that he mentioned, we look at the new highs in the s&p 500 and dow, ibm has been going down. so, people hav
how is the nasdaq doing without apple? it seems like day in, day out, especially yesterday when we saw the selloff, we saw the nasdaq really underperform the other major averages out there. you are, though, taking some of your shorts on the qs -- >> i'll be back in on any rally. >> so, directionally, you see down side? >> no doubt. when we think about the nasdaq, they are so levered to this pc supply chain. and it is a disaster, people. when you think about it. at the end of...
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Feb 5, 2013
02/13
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jb, what's apple worth? >> what's apple worth? at the moment, mid $400. i think the way to look at apple is that this is a stock that a lot of the hardcore traders have actually abandoned. things seem to be quieting down, volatility seems to be quieting down. if you're a trader, if you're someone looking for that higher beta, multipoint move, you probably move on, this stock just has not been delivering that type of action on a day to day buy sis. we're finding that equilibrium between value investors and the premium. >> virtual dr. j, what's your thought on apple? >> i thought that a lot of folks would be taking advantage of the losses that they have got, that's something none of us want, but when you have them you take them and you have to wait 30 days to get back in to avoid the watched sale rule. it's between a couple of technical levels that it needs to break for me above $462 and hold it foor 24 hours. >> the real tell on apple seemed to be on friday when we pushed past 14,000 for the first time since '07 and afteral traded miserably today. >> if yo
jb, what's apple worth? >> what's apple worth? at the moment, mid $400. i think the way to look at apple is that this is a stock that a lot of the hardcore traders have actually abandoned. things seem to be quieting down, volatility seems to be quieting down. if you're a trader, if you're someone looking for that higher beta, multipoint move, you probably move on, this stock just has not been delivering that type of action on a day to day buy sis. we're finding that equilibrium between...